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on capitol hill. >> sequestration and across-the-board budget cuts is set to go into effect on march 1. the pentagon budget is expected to be cut to $47 billion over the past month. it is argued that these budget cuts would hurt military readiness. secretary ashton carter, and representatives of each branch of the military have testified. [inaudible conversations] [inaudible conversations] >> good morning, everybody. the committee meets this morning to consider the impact of sequestration and a full year of continuing resolution on the department of defense. we welcome the deputy secretary of defense, ashton carter, and the chairman of the joint chiefs of staff, general martin dempsey, who is accompanied by with the following friends. robert hale, chief of staff of the army, general ray odierno, vice chief of operations, mark ferguson, and general james amos, chief of staff of the air force general mark welch and chief of the national guard bureau, general frank grabs. i would like to stop by thanking all of you. please convey our thanks to the soldiers, airmen and marines at home and
under the continuing resolution rules, it gets only the fy 2012 amount sequestration could cut an additional $6 billion. because the army has already spent $16 billion it world only have $8 billion throast be you through the rest of the fiscal year and high demands would require that the remaining funds be spent on overseas operations, leaving the army with only $2 billion for domestic operation maintenance during the next seven months. it is budgeted for $20 billion. so it would have 10% of what it needs for o.m. for the next seven months. if the year-long sequestration goes into effect. that is just one of hundreds of examples. we're going to hear today that the military service was are already taking actions to mitigate the impacts of the continuing resolution and the impending sequester. for example, the department of defense has instituted hiring freezes, reduced or eliminated temporary or term employees and deferred facility maintenance and began postponing or canceling maintenance of ships, air and ground vehicles. they will also implement furloughs for most pleas, cut b
left on this monday edition of "washington journal." it is all about sequestration that is set to take effect this friday. we have a couple of half-hour segments coming up. we will break down the sequestered and its impact by the defense department area and then the homeland security department. we will be right back. [captions copyright national cable satellite corp. 2013] [captioning performed by national captioning institute] >> you have to understand all the founders' primary concern was with national security. what would they say about a company such as lockheed? i am of the opinion that based on how they acted in other instances, they would have grudgingly favored a bailout of lockheed because it supplied the united states with its top fighter jet and reconnaissance airplane. i think you could make an argument they would have supported the bailout of chrysler in the 1980's but not a bailout today. what is the difference? chrysler back then made tanks. they were our only tank manufacturer. when chrysler comes out of debt and repay is the government loan, the main when they do so i
to look the other way and pretended there cant huge looming problem. a year-long cr and sequestration will undermine the national defense. and the danger of the international situation is highlighted again yesterday when north korea had a very proproblem -- provocative nuclear test. we cannot allow these actions, these sequestration and year-long cr to occur in the middle of the kind of a world. it will create a huge and unconsble problem for our men and women in uniform and their families. it's uncum -- for congress to find solution together. senator inhofe. >> thank you. senator inhofe and i have talked about how to work through the morning's schedule. at 11:00, he said it is currently scheduled to have his perhaps fourth maybe even five votes. we're going have very short question period. after our opening statements, and after your opening statements, our panel speaks, and if possible if we could finish by a few minutes after 11:00. we would adjourn for perhaps an hour, come back and perhaps 12:00 or so for about another hour. i hope it doesn't happen. it may. we have a large commi
'm sure we're all feeling the same way, referring to the across-the-board cuts from sequestration that are just days from going into effect. he said when it's in your state or your backyard, it's devastating. madam president, i think that is exactly right. they would be devastating for our families, our national defense, and our economy. but these cuts can be avoided if congress comes together on a balanced replacement. we should replace the sequestration in a balanced way and then we should move forward on a fair comprehensive budget deal that provides certainty for our families and businesses. i know my constituents in washington state want to see a deal because if we are unable to find a fair replacement for sequestration, everything from our military bases to our schools are going to be affected. 29,000 local civilian defense employees could be furloughed. thousands of washington students could lose access to head start services and basic education resources. 1,000 workers cleaning up dangerous nuclear material at the hanford nuclear site could be furloughed for weeks. and was
accountable, will be reduced, and despite our best efforts to limit the impact of sequestration, there's no question that the effect of these cuts on our state and local partners, on our entire justice system, and on the the american people, will be profound. today i'd like to join many of the leaders in this room in urging congressional leaders to act southwestly in ensuring that the department will continue to have the funding we need to fulfill our critical missions, support essential allies like you, and keep our citizens safe. despite the breadth and scope of the challenge and the other obstacles and disagreements we faced in recent yearsed, it's clear our resolve to stand together in reducing gun violence and preventing mass shootings and protecting the american people, and in combating threats to law enforcement is stronger than ever. but recent achievements must not be stopping points, and this week, as you move through the ambitious agenda before you and pledge yourselves once more to the difficult work that lies ahead, i want you to know the national association of attorneys
that would stop sequestration from taking place. with that, i would like to turn it over to chairman wittman who will talk to about the dangers of sequestration. >> thanks. thanks for your eloquent laying out of the issue that is before us. just as you see here, a couple of weeks ago, we asked the chief of naval operations and the common aunt of marine corps, if this was the picture of things to come. five aircraft carriers and ports, our large portion of the naval presence there, not a c. sailors at the docs. if that was the scope of things to come. their answer to us was yes. if the sequestration went into effect, aircraft carriers not being deployed, new ones not being built, current ones not being refueled. that is significant. that cuts right to the issue of readiness. we heard from all of the service agencies the issue of readiness. termedrned that as a -- it as a readiness crisis. they need to assure that we can be victorious in whatever situation that we face. that is deeply concerning. i appreciate the president traveling today, being right across the river from the naval base, so h
public deserves a transparent and accountable budget process at the stores fiscal order. sequestration should not be part of the process. it is certainly no long-term solution to our spending problem. it should be a cautionary tale for congress. the sequester we face is the tip of the iceberg compared to austerity measures that will be necessary in the future if congress does not act soon for fiscal reform. i believe fiscal on we had to reform must include both tax reform and spending cuts. one without the other is only a partial solution. in the state of the union address, the president reiterated what appears to be -- and that number sounds -- it only scratches the surface. i am concerned that the debate surrounding the sequester will become a diversion from the real problem facing us. the time for partial and temporary solutions is well past. what we need is a collective acknowledgment of the problem and they comprehensive, joint effort to reach a long-term resolution. anything short of that will place the american economy on an irreversible, downward path. we will hear about the pa
to this idea. we will see. but there are so many unrelated or semi-related things. we have sequestration, continuing need to keep the government going -- both of which are happening simultaneously -- so there are lots of pressures and costs currents letter taking place -- and crosscurrents that are taking place. i would like african keep continuing resolution summit segregated from the the really tough questions -- i would like it if we can keep continuing resolution somewhat separated from the really tough questions. >> on the sequestration question, if the american people start to see the effects of sequestration, they say fix it, can you go back maybe through the continuing resolution and retroactively and do the sequestration? >> it is a separate question and it has so many different aspects that don't relate to each other. sure, that is possible. i don't think it is realistic because we have not seen the white house to engage with us in conversations about cutting spending, which would give us some leeway on and really -- on relieving sequestration. the goal all of this, from our po
known as sequestration. it is scheduled to occur at march 1, as well as the impacts of these reductions and the actions the administration is taking to prepare to implement sequestration should it be necessary. i want to start by reiterating a point. as sequestration is bad policy. administration believes that congress should pass a balanced, bipartisan deficit reduction to avoid it. if allowed to occur, sequestration would have significant and disruptive consequences for domestic investment, national security, and poor government services. -- and core government services. the cuts required a harm middle- class families, seniors, and the most vulnerable. the president believes these indiscriminate across-the-board cuts are not ours possible way -- are not a responsible way to address our goals of balance deficit reduction. we have made significant progress in this regard. we have an active deficit reductions over the past twothe vast majority of this progress has come in the form of spending cuts. roughly three dollars in spending cuts for every one dollar in additional revenue. the pre
spending cuts, the sequestration, went into effect on march one. they discussed homeland security housing, and education. this is three hours. >> that morning, everyone. it today we are convening the committee of the appropriations committee. it is the worst hearing in the 113th congress for the appropriations committee. the focus of today's hearing will be on the impact of the sequester and the critical national function that are important to the security, safety, and future of the american people. as i take this gavel, i'm mindful of the -- and acknowledge the previous leadership of the outstanding chair. it is a great honor for me to be part of this committee. we all carry a special place in our hearts today for senator don the whole ionay -- - senator. the senator of hawaii. i wanted knowledge the incredible cooperation i have seen. one of the senators was the vice chair. he talked to me in those early days to ask that they remove the hurricane sandy appropriations. i will be forever grateful for his steady hand and wise counsel and direct assistance that he provided me. i want to ack
sequestration and find a balanced approach to deficit reduction that does not include further cuts to discretionary programs. both defense and non-defense programs are equally critical to economic growth and the safety and security of our nation. these discretionary programs are not the reason for our growing debt and yet so far they have been the only place lawmakers have been willing to cut by $1.5 trillion today. non-defense programs alone have been cut a $900 billion bringing spending on these programs to levels not seen since eisenhower was president. as we saw from the white house memo on friday and as you will hear from our panel today, cuts to discretionary programs alone not only won't balance the budget, they will cripple our ability to grow our economy and provide an environment where all americans have the opportunity to lead healthy, safe and productive lives. that is what really brings us together here today because sequestration is about more than numbers on a ledger. there are real people behind these numbers and their lives and livelihoods are on the line. these cu
in chief in the history of the country. >> this week on "inside washington," gunfight at the sequestration corral. >> i believe they should at least pass a smaller package that will delay the economically damaging effects of the sequester for a few more months until congress finds a way. >> john brennan, the cia, and drone strikes. >> i never believed it is better to kill a terrorist than to detain him. >> marco rubio, savior of the republican party, and immigration debate. >> this is about getting it right for the american people and those suffering under an immigration system that does not work well for anybody. >> after the lights go out at the super bowl, thoughts about the nation's crumbling infrastructure. captioned by the national captioning institute --www.ncicap.org-- seesutawney phil did not his shadow this year, which means spring will come early. tell that to the folks in boston buried in snow. in washington, every day is groundhog day. the subject once again is the federal budget, but for debt, and the word that strikes fear in the hearts of contractors in the sea and the subu
as sequestration will hit the federal government, the american economy, and you. >> the obama administration continues its very public campaign to force republicans in congress to cut a deal to avoid it and stage the pr campaign on several fronts today. gary scrambles to keep up. he begins our team coverage tonight. gary. >> reporter: if it's friday, it must be governors, cabinet members, and the president itself urging members to pass to push sequestration back a couple months. republicans are keeping a lower protile and not budging, with one notable exception. >> i would describe my presence with one word, republican. they are hoping i can influence some of the people in my own party. >> ray louisiana hood ray lahood said it would mean a reported one day per pay period. >> in some cases, it could be as many as two days. >> with flight delays and cancellations assured. >> it's going to be very painful for the flying public. >> joined the drum beat, blaming the congress. >> the sequestration is a job killer. >> the dark need is going over our head as we speak. >> some of the jobs i
of sequestration hanging over our heads, our country's inability to put its fiscal house in order compromise is the full readiness of the joint force, army, and will impact our ability to provide our security to our nation. we have two problems as i sit here today. we have an immediate problem in fiscal year 2013, which has about eight months left. we have a longer-term problem due to potential full sequestration. in fiscal year 2013, the combination of a continuing resolution, a shortfall of overseas contingency afghanistan funds and the sequester has resulted in a $18 billion shortfall to the army's operation and maintenance accounts, as well as an additional $6 billion cut all other programs. all these cuts will have to be taken over the last seven months of this year. what does that mean? what that means is we will have to take immediate actions. as we prioritize, we will always ensure that our soldiers in afghanistan or next to deploy are properly equipped and trained. then we will see if we can continue to ensure the readiness of the global response force at fort bragg. we will have to
of continuing resolutions, a threat of sequestration hanging over our heads, our country's inability to put its fiscal house in order compromise is the full readiness of the joint force, army, and will impact our ability to provide our security to our nation. we have two problems as i sit here today. we have an immediate problem in fiscal year 2013, which has about eight months left. we have a longer-term problem due to potential full sequestration. in fiscal year 2013, the combination of a continuing resolution, a shortfall of overseas contingency afghanistan funds and the sequester has resulted in a $18 billion shortfall to the army's operation and maintenance accounts, as well as an additional $6 billion cut all other programs. all these cuts will have to be taken over the last seven months of this year. what does that mean? what that means is we will have to take immediate actions. as we prioritize, we will always ensure that our soldiers in afghanistan or next to deploy are properly equipped and trained. then we will see if we can continue to ensure the readiness of the global response for
. ♪ >> a very good evening. i'm lori rothman in for lou dobbs. we are now three days away from sequestration kicking in. the president's scare tactics and predictions about what those $85 billion arbitrary cuts will do to our economy and safety, very much a question. the self-proclaimed most transparent administration in history, the subject of criticism from their own side of the aisle. revelations from one of their own former staffers. president today holding yet another campaign style rally to post the alleged pandemonium that will occur if republican leaders don't capitulate to is demands. those demands being more tax increases to go along with any spending cuts. >> overnight but it will be real . a sequester will weaken america's economic recovery. it will weaken our military readiness, and it will weaken the basic services that the american people depend on every single day. lori: but the president is that even selling this message to everyone left. the left leaning website posted a column today titled, is the white house telling the truth on the sequester? the very first paragraph of
a break by ading home. what does that make for the sequestration deadline?? joinining us t today, jill airo, source and peter from the universisity of maryland. congress will take a break from they have not and we do not done know where things end up. what is your prediction for what headed d forrch 1, ?equestratio it appears so. shows no intest in cutting spending and he seems being reelected, -- being reelected, but so were the repupublicans in t e house. , and they tax cuts -- noget their spending tax hikes, and he did not get .heir spending cuts toa little less favorable w white house and they would , you but jill toro ale i tauro, what are you hearing from both sides? therere is a lack of .ompromise there has been very little in tes of what they are willing to do. they are sticking with their .arty line think suestration will .nto effect saw a propososal come from senateemocrats for basically bumpmping sequestratiothrough .ntil l the enend of the year it will never fly. republicans will not go through .ith it we see, no budging in terms of a hard-line and we will hit march it will
is not reached to avoid sequestration. those topics and more in our roundtable. but first, we want to check up on one of the biggest industries in the washington region. dstar health is theistrict's second-largest nonfederal employerer and the largest not- for-profit health-care delivery system in the region. annual revenunues now $4.44 billion. but there are challengesacing the healthcare indtry, providers, and mor hospital etty joining us today is kennetethamet, president and ceo of medstar health, in charge of managing 10 hospipitals, tens o of thousands of physicians and serving 500,000 paties for your. welcomeo "washingtoton busisiness report." >> nice to be here. >>>> i love reading your background. u went to old dominion to study medicine but it was running the concession stand and organizing your fraternity brothers made you realize yo really h have a a feel f for bususiness, so you pivoted and now you are on the business side of health care. what are the biggest challenges you're facing right now? >> contitinuing to provide the highest quality and safety to residents across the region
the problem. what i really want to talk about is how the sequestration actually began. the republicans had six people on their team, the democrats had six people on their team, and they pick people far to the left and far to the right. the democrats picked -- should have picked three democrats, and the best options they had on the republican side, and that way there would have been five or six people in the middle that would have been able to move left or right to bring on a couple of people and we would not be in this situation. host: as we sit here in washington for days before the sequester is set to begin, we will let you know congress is in session and a couple of pieces of legislation are possible in the senate. we know the president is traveling around the country to talk about this issue and the impact and dave williams writes on facebook this morning that this is an entirely manufactured process by an inept administration. don writes congress caused this whole mess, let it happen, you voted, many did not, now live with it. i'm sick of hearing we have to keep on spending. delaware. how
with the white house to avoid sequestration. billions of dollars in spending cuts will take effect if no agreement is in place by friday. this should give you a sense of how serious this situation is. we're talking about $85 billion in cuts right now. the deadline to avoid them is, of course, march 1st. civilian defense department employees looking at about a 20% pay cut and about 150,000 workers in our rei don't know could be forced to talk a one day a week furlough for several weeks. >> if you're flying out of town, you want to pay close attention to a news conference this morning. a number of lawmakers will be at -- the impact the sequestration will have on air travel. ray lahood warned over the weekend that the faa may have to furlough air traffic controllers. that could lead to long delays for travelers. president obama is hoping governors can help them get a deal done. he's meeting with state leaders from both parties at the white house. they're in town fort governor's association meeting. the president didn't mention the ongoing battle during a dinner last night but told the
, last week and the next couple weeks to come talking about sequestration. but i don't think the leader of afghanistan is worried about sequestration because we're going to send him all the money that he wants while we tell the american people we're going to cut your jobs, we're going to cut your programs. that to me is absolutely ridiculous and unacceptable. mr. speaker, it is time for the american people to say to congress, let's start rebuilding america and stop rebuilding the rest of the world. mr. speaker, beside me is a poster of young army officer who lost both legs and an arm. we fail to realize as here in congress, maybe not all of us but some of us, that we're still at war. young men and women are still getting their legs blown off. they ever' losing their life many times. not as often as past. but let's wake up, congress. let's start debating what we're going to do to start rebuilding our country and stop trying to rebuild the rest of the world. in closing, mr. speaker, i will ask god to please not let the american people and not let congress forget that we have young men and
the impact sequestration could have on our region. >> parts of the area preparing for the worst-case scenario. >> preparing for another burst of light snow. chief meteorologist doug hill has more on how this could impact your morning commute. >> what a ride at the super bowl. it was surreal. it's a new orleans. although it was not easy in the big easy for the ravens, how they won the game, the title come and now they are home. >> new at 6, growing concern about sequestration and the impact on local jobs and families. >> virginia senator tim kane today said he expects sequestration to cost the state 200,000 jobs. jeff goldberg has more on how some are preparing for the worse. >> take a look around northern virginia and you'll find defense companies lining the landscape and plenty of workers nervously looking across the river. >> the situation is serious. >> i cannot believe this is happening. >> this is sequestration the $1.20 trillion in across-the- board spending cuts set to happen on rockbridge -- on april 1st. it is leaving them unable to plan for the future because of the uncertainties. >
are just nine days away from the start of sequestration. people in this area could be among the hardest hit if sequestration happens. we are live, having talked to some people about the presidential news conference. >> firefighters first responders were invited to the white house, and we talked to a few firefighters who were very concerned that the budget cuts would hurt those who do their jobs. prince george's county firefighters. >> it is amazing. we will never forget. >> they were invited to be part of a group of first responders, including others, for a speech as part of the issue of sequestration. >> these cuts are not smart. they are not fair. they will add hundreds of thousands of americans to the unemployment rolls. this is not an abstraction. people will lose their jobs. >> this is what they fear. >> i am at the bottom of the totem pole so i am first to be cut. >> he feels that the federal budget cuts triggered by sequestration will cause layoffs in the department and heard public safety. >> furloughs. it will affect staffing. it may affect even my family if it has an emergency. >>
, sequestration would affect us in many other ways and that was part of the focus today as senators grilled cabinet secretaries on the hill. today's hearing was a presentation of worst-case scenarios. >> sequestration will likely result in a loss of tens of thousands of jobs, fewer teachers and staff, larger class sizes. >> fear recourse -- courses, less tutoring, and higher unemployment. >> not to mention cutting funding that could rebuild 10,000 homes damaged by hurricane sandy. longer delays to clear customs for international travel. >> wait times could grow to four hours or more. >> despite these scenarios on the hill so far it is a lot of talk and little action. >> no one wants to be blamed for the sequestration going into effect. >> the latest plan according to politico wood bridge the gap -- would bridge the gap over 2014. what would it take to avoid sequestration entirely? >> i've been feeling fast they have the feeling they will get blamed if it does -- they do nothing. >> many analysts believe even if lawmakers do here to public pressure it will not happen until the last minute. a
. >> if the president and congress do not come to some sort of spending agreement sequestration will take effect march 1. that means massive spending cuts and economists say all of us in the metro area will feel it. sequestration means more than $1 trillion ripped from the federal budget over a decade. the pentagon announced tell it would absorb the blow. >> the defense department faces enormous budgetary uncertainty. >> economists warn that sequestration will hit the entire metro area, possibly more than any other region. department of agriculture employee charles says that it could impact meatpacking plants. >> we will have to be frugal. >> that means less tax revenue for jurisdictions. another impact? fewer riders and less revenue for metro. >> federal workers will have less disposable income. >> a new factor in the payroll tax increase, up $5.5 billion from reduce procurement spending, that is a whopping $13 billion out of the metro area economy. >> it has already crippled the economy in the sense that it has stopped moving. >> even non-government workers are worried. >> it could be bad news. >> and
correspondent. we will speak of the latest views on sequestration. we will talk about the chances of a deal to ward off the cuts. at 8:45 a.m., a chance for you to learn about the role and responsibilities of the top leadership position in both chambers of congress. we will talk about what is like to be a leadership person, what their responsibilities are. you will get to learn more about that discussion starting at age 40 5:00 a.m. hour "newsmakers" program starts at 11:00. bob goodlatte is the chairman of the house judy's jury committee. this is part of our weekly series. -- judiciary committee. this is part of our weekly series. you may have seen our previous interview earlier this morning with our guest from delaware. the national governors' association is in town. our coverage starts in just a few moments. he will get to see part of their session today. gov. markell and gov. fallin talking about a number of things. that is it for our program today. another program comes you to mark at 7:00. we will see you then. [captioning performed by national captioning institute] [captions copyrigh
of much of next week's debate in washington. one week to do -- one week to go until sequestration -- will it matter? here are the numbers -- join the conversation on facebook and twitter.com. sanders said -- send us an email. what is the definition of sequestration? one is this -- it is that fiscal policy procedure adopted by congress to deal with the federal budget deficit. that is according -- some news over the last 24 hours as the president reaches out to republican leaders in the house and senate. a phone conversation between the president and republican leaders mitch mcconnell and john boehner. our guest follows the story for the hill newspaper. what news came out of these phone conversations? guest: not much from the press secretary or congressional leaders. they have been very tight- lipped. it is interesting to say that things do seem to be heating up little bit. congress will come back next week -- it is unlikely either version, republican or democrat, of the bill will pass. and will set up for a dramatic week that is unlikely to come towards a solution on this issue. ho
suburbs sequestration. >> it gives new meaning to the termmarch madness," bececause that is what will result if we have to face sequester. >> that is why i fought not to have thesequester in the first place. but the president did not want to have to d deal with the debt limitit again before his reelection. >> we will furlough many as 800,000od civilians around the country for up to 22 days. >> defense secretary leon panetta says that if sequestration kicks in and billions of defense cuts are allowed to stand they will have to for the defense strategy out the window, badly damamaging our ability to respond toto crises around the world. it would be a $10 trillion cut in spending, half from the defense department, no corresponding rise in taxes. what is your best guess, evan will happen? >> yeah, i think it willappen. >> i if that happens mk, the consequences? >> carl levin thinks the odds are probably even. the iceberg is there, we can see it, and we continue to sell the ship in the direction of it. i think repubublicans particularly speaker boehner, don't want a. >> colby, how di
-- sequestration. a 20% cut in pay for six months. flying will be tougher. long lines at the airport, travel delays. you may want to be careful what you eat because food safety inspectors will be effected. fbi and law enforcement will take a hit. member salaries in congress are safe but the staff will take a hit. they tell us non was supposed to happen. >> it was never supposed to be implemented policy. >> they face a simple choice. are they willing to compromise to protect vital investments in education, health care, national security, and all the jobs that depend on them? or would they rather put hundreds of thousands of jobs and our economy at risk to protect a few special-interest tax loopholes that benefit only the wealthiest americans and biggest corporations? that's the choice. >> of sequestration was never in meant to be implemented, then why wasn't implemented? >> it was a failure by the white house. the president of the one guy who can step above all of it and he's just playing politics. >> are we having fun yet? >> there is a sense of sleepwalking. i think republicans are making it a ser
will be sequestration. $85 billion in automatic spending cuts due to kick in march 1. the white house now warns this will mean damaging layoffs of teachersers law enforcement and food safety inspectors and the pentagon will be hit, too. they propose a mix of spending cuts and, yes, more taxes through limiting deductions for the wealthy. i sat down late friday with house democratic leader nancy pelosi and asked her are about the fast approaching deadline. congress woman pa lo pelosi, we back to "fox news sunday." >> welcome to the capitol. >> the white house says sequestration will have a severe effect on many americans. house republicans agree but say the answer is to find other spending cuts, not tax hikes. >> i would think that sequestration is a bad idea all around. this should be something that is out of the question. the fact is we have had plenty of spending cuts. $1.6 trillion in the budget control act. what we need is growth. we he need growth with jobs. and if you have spending cuts education of our children and other investments like the national institutes of health where you are hin
: how will sequestration affect the military's ability is to meet its commitments around the world? guest: military leaders have indicated that this will have a success -- a substantial impact on their ability to conduct operations. the navy has already stated that it has pulled an aircraft carrier that was headed for the persian gulf record tippled that back. the navy -- they pulled that back. the army says there will cut back severely on training. according to military leaders, this could have a big impact on them, partly because they are already under situation under the budget control act where they are making a fairly steep cuts in operations. they are trying to deal with the situation overseas in places like afghanistan. host: if congress does nothing, is there a chance that they could pass something in the defense area? guest: it is always possible. that is something house republicans have wanted for some time, to put cuts on domestic spending and protect the defense department. it is also possible that congress could move simply to give agencies more discretion in implement
. we're putting forth a bill that will give us some breathing room on the sequestration and pays for all the sequestration for the rest of this year. it gives us time to think about it. it pays for it by having a reduction in the general -- federal work force over the next years through attrition. so it is as painless as possible to protect our troops. with that, i am happy to introduce senator inhofe. with the armed services committee. >> we said that we would projecting losses of $780 -- $487 billion over the next thing years. we said this could not have happened. but it did. i have always enjoyed our close relationship and we continue now in a different forum. and me just mention a couple of things. for 14 months, we have called on the president to recognize the sequestration. i think it has been held down so thatpeople don't realize how bad it could really be. it was two years ago when senator john kyl and another senator got together with the house committee and looked at what we would do about it. that was the beginning of all this. unfortunately, when the president came
for massive government budget cuts, known as "sequestration." the dow tumbled 216 points, the nasdaq fell nearly 46, and the s&p 500 lost 28 points. while there's been much talk of a correction in the stock market, sequestration may not be the catalyst. suzanne pratt reports. >> reporter: it is widely accepted on wall street that sequestration is coming. and, with it a new reason for the fragile u.s. economy to sputter. but, what will the first phase of billions of dollars in federal spending cuts actually do to the u.s. stock market? after all, major market averages are hovering close to all-time highs, and don't forget investors are finally warming up to equities again. floor broker art cashin says today's selling was mostly a reaction to italy's election, and that the stock market is not yet focused on sequestration. >> i don't think that even we slip into sequestration it will have the same dramatic effect that the fiscal cliff and the debt ceiling had. it is seen as somewhat temporary. >> reporter: others say stocks can weather another political deadline dominating u.s. headlines, as
single one of them is about sequestration. every single time. they are paying attention and we know that there is an impact coming we just don't know how it affects them congressmen. >> many those numbers serve as well. they're probably talking about the military technicians and back to the video assignment and the armories where they serve in a civilian capacity. they could be faced with losing homes and cars within months. we are watching very closely and trying to reach out to some of the support organizations and make sure that they have that help in place when they i do return. more for the long-term, we rely heavily, especially since this has been going on with mental health professionals that we put into the state grid helping people that are on their second, third, fourth deployment. not only just the servicemen, but the families. if you look at full sequestration, you look at tens of thousands of veterans coming back to their home towns. their communities. that help will not be there for them some will come home and there will be anything there for them. >> okay. >> thank
and everyone else. >> it certainly is. sequestration, continuing resolution, the soup. >> and debt ceiling increase. which will come probably in early summer or so. >> the sequester was never intended to take effect, it was intended to give the warring tribing around here to agree on the budget. but now some of your party's most ardent conservatives are kind of embracing it as a way to maybe get more leverage on the budget. but, you know, the defense cuts are concentrated in a lot of areas where republicans perform well, in the south, around military bases and the like, the effect on civilian employees is going to be quite dramatic. do you think some of the, if you will, tea party members of your party who are currently embracing the sequester are going to be hearing from their constituents, particularly those in the military areas and will can to regret it? >> there's no doubt there will be a lot of reaction when the sequester hits. it will hit all of us, every congressional district in the country. i keep hoping, though, that the president will come forward with a realistic plan to avert
his throat through sequestration. i cannot stress enough how big of a deal this is, my friends. he already has this option, but he is just not using it. within the department of agriculture, you do not have to do a beeline for the beef inspectors. it is amazing in the the media isn't all over this, until it puts them in the uncomfortable position that it is now on the president to respond to this. it is still republicans who are evil, he says, a president who has tried and tried to show that. meanwhile, the president started the sequestration idea and even waited and now suddenly he doesn't like it. deciding that will wallop those inspectors. republicans say it doesn't have to be that way, mr. president. they are letting him decide, which in washington is we are. it is ignoring their remarkable offer that nullifies all of the grounds and that, in effect, is even weirder. he knows these broader cuts are on him. they won't be so bad. were nearly as bad, which will make the republicans look good. but i think he is missing something. this will actually make him look good. but the white
is a look at some of his comments. >> the worst aspect of sequestration is not the overall cut. we know we need to trim spending and cut or change the trajectory of our spending going forward, predominantly entitlement spending. without that, i do not think we will ever get our budget under control. we will be downgraded by the other ratings agencies. we will start to see interest rate increases and the people who hold our debt around the world less interested in holding it. all of those will affect the u.s. economy. when i look at sequestration, i do not look at the cuts per se as impacting the economy. they are not going to help growth in the short term. they have offsetting factors that mitigates the negative. the problem with sequestration is the way the cuts will take place. what we tell our congressmen and since these when we send them to washington -- that is why we send them -- congressmen and senators when we send them here, we send them here to spend money. we provide -- we expect the federal government to provide public goods, roads, education, national defense. we send them her
. brooks: thank you, madam speaker. secretary of defense leon panetta states sequestration, quote, would be a disaster in terms of the defense department . as far as our budget is concerned, as far as our ability to respond to the threats that are out there, it has a big impact, end quote. over time sequestration's disproportionate cuts to national defense will reduce our military to the smallest number of uniformed personnel since before world war ii, its smallest number of naval vessels since world war i and the smallest number of aircraft in the history of the united states air force. but national security is not the only sequestration risk. in my home district in north alabama, president obama has ordered that roughly 14,000 highly skilled and irreplaceable department of defense civilian employees suffer 20% fer lows and 20% salary cuts. red stone arsenal's engineers, scientists and other civilian defense staff are critical to national security in a time of international instability. their knowledge and skillsets are unique, virtually irreplaceable and maybe lost to national security
sequestration will have on them. their capacity to pay their bills and to meet their obligations. these cuts are devastating, and today we're here to talk very specifically about the devastation to women and children across this country and specifically to women of the impact of sequestration. . whether that's the devastating cuts to women and infants children that so many women depend on, school nutrition programs in our nation's schools, k-12 education, cuts to head start, cuts to serving children with disabilities, cuts to health care screenings like cancer, cervical cancer and breast cancer screenings that so many women rely on. and this at a time when he we just discovered that -- when we just discovered that younger women are suffering from greater rate of breast cancer than ever before in our history. and here we go slashing and burning a budget. i don't like to use the term war on women, but, mr. speaker, as a woman it sure feels like it. and sequestration definitely has that impact. joining me today, and i will yield just a few moments, my good friend from new york, carolyn maloney,
that strikes fear it all over the hearts of d.c. and the suburbs, sequestration. >> it gives new meaning to the term "march madness," wbecause that is what will result if we face the sequester. >> the president did not want to have to deal with the debt limit again before his reelection. >> we will furlough as many as 800,000 dod civilians around the country for up to 20 days. >> defense secretary leon panetta says that if sequestration kicks in and billions of defense cuts are allowed to stand, he will throw the -- it will for the defense strategy out the window. if congress does not act to stop this, there will be a $1.20 trillion cut in spending, half in the defense department, and no corresponding rise in taxes. what is your best guess, evan? will it happen? >> yeah, a kid is going to happen. >> mark, if it does happen, the consequences? >> carl levin, i respect as much as any member of congress, thinks the odds are about even. the iceberg is at there and we can see it and we continue to sail in the direction of that. i think republicans, particularly speaker boehner, don't want it.
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